In March, filmmaker Michael Moore publicly claimed that the 400 richest Americans "have more wealth than half of all Americans combined". The statement seemed so outrageous, that Politifact.com decided to investigate it. What they found was astonishing.
Michael Moore's statement was actually false. The 400 richest Americans had more wealth than the poorest 60% of Americans. They determined that in 2010, the top 400 money earners had $1.37 trillion in property. The wealth of the poorest 60% of Americans, everything that they own, has a value of $1.26 trillion, according to economists.
What can $1.37 trillion buy? Take a look.
Still, there are people in this country, primarily Republicans, that complain that the poor aren't chipping in their "fair share". Numerous articles have been published stating how 51% of Americans pay no income tax. This may just be a theory, but it may be because they're fucking poor.
There also seems to be quite a bit of inherent skepticism as to whether poor people are actually poor:
The audacity of someone in poverty to have a refrigerator or a television. The nerve of some people!
Michael Moore's statement was actually false. The 400 richest Americans had more wealth than the poorest 60% of Americans. They determined that in 2010, the top 400 money earners had $1.37 trillion in property. The wealth of the poorest 60% of Americans, everything that they own, has a value of $1.26 trillion, according to economists.
What can $1.37 trillion buy? Take a look.
Still, there are people in this country, primarily Republicans, that complain that the poor aren't chipping in their "fair share". Numerous articles have been published stating how 51% of Americans pay no income tax. This may just be a theory, but it may be because they're fucking poor.
There also seems to be quite a bit of inherent skepticism as to whether poor people are actually poor:
The audacity of someone in poverty to have a refrigerator or a television. The nerve of some people!
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